Thursday, November 10, 2011

Science Fair Proposal

1. What is your hypothesis?
There is a relationship between a resale price and the price and item is bought for.

2.  Identify the dependent (produced), independent (manipulated) and control variables in your hypothesis.
The resale value of an item is (dependent) on the price an item (independent) is bought for. The control variables are the price that I buy the product for.

3. What is the connection between your science fair project and your senior project EQ?My senior project EQ is what the best way to manage a business distribution is. A distribution works by buying products at a cheaper price and selling them for more. I will be comparing and analyzing if the same profit is made when a product is purchased at a different price.

4.  How will you perform the experiment?  Include the equipment you plan on using.
I will perform this experiment by obtaining the sale price and the price that a product is bought by a distribution company. I will create a graph and try to see the similarities between the sale price and the purchase price. I'm going to see if there is an optimum percentage amount, by which to increase an item before selling it.

5. Which category will your project be listed under?
Mathematics because it an economic's project.

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